Toma Gold finds more gold

TomaGold Corporation Inc. (TSXV: LOT) ("TomaGold" or the "Company") is pleased to announce more strong results from the compilation of old drill holes at its Monster Lake project near Chibougamau, Quebec.

The Company has discovered that the recently-announced intersection of 5.7 metres grading 237.6 g/t Au from Hole M-12-60 is in fact the second such intersection in the Zone 325 – Annie Zone gold corridor. In 2011, Stellar Pacific Ventures Inc. drilled Hole M-25-11 into Zone 325 and intersected 101.2 g/t Au over 4.5 metres at a depth of 49.5 to 54.0 metres. This interval included a particularly high-grade section of 223.2 g/t Au over 2 metres from 49.5 to 51.5 metres that contained veinlets of massive gold at 30° to the axis of the core.

David Grondin, President and Chief Executive Officer, said that: "In addition to Hole M-12-60, we keep being pleasantly surprised by the compilation for the Monster Lake project. The M-25-11 intersection, located along the gold corridor 1.5 kilometres from Hole M-12-60, once again confirms the gold potential of the Monster Lake project, particularly given the shallow depth of these intersections. We expect to finish the compilation work in the coming weeks, which will then allow us to prepare our next drilling program."

The following table shows the grades obtained for the interval from 49.5 m to 51.5 m in Hole M-25-11:

Hole M-25-11 drilled by Stellar Pacific

From (m) To (m) # Length(m) Au_Ms(g/t) Au_GRAV(g/t)
49.5 50.0 16054 0.50 20.40 22.58
50.0 50.5 16055 0.50 148.11 287.21
50.5 51.0 16056 0.50 126.87 562.35
51.0 51.5 16057 0.50 20.80 20.64
  Average
79.05 g/t Au
2.0 m
Average
223.20 g/t Au
2.0 m

The following table repeats the assay results for the eight samples from Hole M-12-60 for the purposes of comparison:

Hole M-12-60 drilled by TomaGold

From (m) To (m) # Length(m) Au_Ms(g/t) Au_GRAV(g/t)
69.00 69.75 51242 0.75 205.0 200.0
69.75 70.50 51243 0.75 181.0 184.0
70.50 71.25 51245 0.75 243.0 233.0
71.25 72.00 51246 0.75 75.8 105.0
72.00 72.75 51247 0.75 101.0 97.9
72.75 73.50 51248 0.75 381.0 379.0
73.50 74.10 51250 0.60 493.0 700.0
74.10 74.70 51251 0.60 59.0 59.0
  Average
214.4 g/t Au
5.70 m
Average
237.6 g/t Au
5.70 m

The mineralized zone in both intersections is a black quartz vein hosted in a strongly sheared lapilli tuff. The surrounding tuff is completely silicified. The mineralized sections contain native gold over their entire length, as well as variable amounts of pyrite and pyrrhotite and trace chalcopyrite. The sheared tuff containing the black quartz vein lies at 400 to the axis of the core, meaning that the reported width is not the true width. Based on visual observation of the shear zone in recently stripped areas and SOQUEM drill sections for the Annie Zone just to the south, the true width of the shear zone is estimated at 80% of the width cut by the core.

Hole M-12-60 lies in the northeastern extension of the Annie Zone, while Hole M-25-11 is located south of Zone 325, about 1.5 km southeast of Hole M-12-60. To date, the Monster Lake gold corridor has been traced by drilling over a strike length of more than 4.5 kilometres.

Hole M-12-60 is one of 18 holes drilled to test the continuity of Zone 52 at depth and the northern extension of the Annie Zone. The following table summarizes the best results for the program:

Hole# Targe From (m) To (m) g/t Au Length (m)
M-12-50 Mégane-325 160.6 162.2 4.52 1.6
M-12-51 Mégane-325 147.1 148.6 2.05 1.5
153.7 154.4 2.27 0.7
M-12-52 Mégane-325 96.7 97.6 8.67 0.9
M-12-53 Mégane-325 59.8 62.0 1.56 2.2
M-12-56 Mégane-325 105.2 106.9 1.23 1.7
M-12-57 Mégane-325 77.9 79.3 1.74 1.4
116.4 117.5 6.99 1.1
129.1 132.0 2.91 2.9
133.5 135.0 3.10 1.5
M-12-59 Annie 171.3 173.1 1.32 1.8
M-12-60 Annie 69.0 74.7 237.6 5.7
M-12-62 Annie 66.0 69.0 1.96 3.0
M-12-65 Eratix 85.2 86.3 1.34 1.1

SAMPLE PREPARATION AND ANALYSIS

The NQ-diameter core is sawed in half, with one half kept as a witness sample and the other half shipped to the Table jamésienne de concertation miniàre in Chibougamau to be ground and pulverized. After primary grinding, the sample is quarter split, and one half is kept as a witness (reject) while the other half is sent for pulverization.

The nominal weight of the pulverized pulp is 1,000 g unless the raw sample was less than 2 kg, in which case all of the pulp is sent to AGAT Laboratories in Mississauga, Ontario.

AGATLabs (Mississauga, ON) takes a 50-g sample for processing by fire assay with atomic absorption finish. When values are higher than 10 g/t Au, gravity analysis is also done.

Metallic sieve analysis is done in two stages. The 1 kg pulp is first screened using a +150 mesh screen. The entire coarse fraction is analysed by gravity fire assay, while a 50 g sample is taken from the fine fraction and also assayed by gravity fire assay. The final result is the weighted average for the two fractions.

It is standard practice to use metallic sieve analysis when visible gold can be seen in the core, as is the case of the 5.7-metre section of 214.3 g/t Au from Hole 60. Analysis of the same intersection by gravity fire assay returned a slightly higher value of 237.6 g/t Au over 5.7 m. 

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